Tinubu’s offshore tax incentives could unlock $50bn in investments and push Nigeria’s oil output up by nearly 1mbpd.
Nine deep offshore projects are lined up for FIDs, with $10bn Bonga South expected to lead the new production wave...
NUPRC has begun wide-ranging consultations with industry stakeholders on a domestic crude oil and gas swap initiative aimed at reducing logistics costs.
The proposed swap mechanism is expected to improve compliance with the Domestic Crude Supply Obligation (DCSO)...
The Good Governance Index Group has defended the leadership of the NUPRC and NNPC Ltd, describing recent criticisms over oil block allocations and energy security spending as premature and unsupported by evidence.
The group said the 2026 licensing...
NUPRC uncovers AI-generated fake employment letters as fraudsters impersonate the Commission to deceive unsuspecting job seekers across Nigeria.
Criminal syndicates are allegedly extorting desperate applicants, demanding money with false promises of securing employment into the upstream petroleum regulator.
...
The NUPRC says Dangote Refinery rejected about 15.5 million barrels of crude offered by producers in Q2 2026.
The regulator reported that producers offered 68.1 million barrels, but the refinery accepted 52.6 million barrels.
Dangote disputed the figures...
Nigeria is positioning 22 major offshore projects to attract between $30 billion and $50 billion in fresh investments over the next five years.
The investment drive is expected to boost crude production, create jobs, expand infrastructure and strengthen...
Nigeria's crude oil production rose to 1.56 million barrels per day, its highest level since April 2020.
The country exceeded its OPEC quota for the second consecutive month, achieving 104 percent compliance.
The milestone has reignited questions about...
June 02, (THEWILL) — Work has fully resumed at the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) following the suspension of the one-day industrial action embarked upon by workers’ unions over internal labour-related issues.
THEWILL reports that the strike, which began...
June 02, (THEWILL) — The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has assured industry stakeholders that Nigeria’s crude oil and gas production remains stable and unaffected despite the ongoing nationwide strike by workers protesting the commission’s foreign training policy.
The...
June 01, (THEWILL) — Workers of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), have embarked on an indefinite nationwide strike, shutting down all commission...